Revealed: Top 10 companies in Saudi Arabia in 2017

Saudi Arabia once against hosts the Gulf region’s largest listed company in 2017 with Saudi Basic Industries Corporation. SABIC also maintained the top position in terms of earnings in the first half.

However, the wider stock exchange has not had a good year, down 4.4 per cent in year-to-date terms at the time our list was compiled and experiencing further shocks since then due to an anti-corruption drive that has enveloped businessmen, royals and ministers.

Corporate earnings grew 7 per cent in the first half, with positive momentum mainly coming form the non-oil sector.

There may be some impact next year as the kingdom introduces a 5 per cent value added tax rate alongside the UAE.